Just a quick post.
The weekly pivot and channel centre line turned out to be good support.
We are now approaching an area of resistance 239.3-239.6, R1 is at 239.53, and we have declining trend line to break.
A point of note is that we had reasonably large volume at todays support level and yesterdays support level (yellow daily T/L).
This looks hopefull for continued longs IMO with 241 being a reasonable target in the short term (not forgetting the good old 240 level).
The weekly pivot and channel centre line turned out to be good support.
We are now approaching an area of resistance 239.3-239.6, R1 is at 239.53, and we have declining trend line to break.
A point of note is that we had reasonably large volume at todays support level and yesterdays support level (yellow daily T/L).
This looks hopefull for continued longs IMO with 241 being a reasonable target in the short term (not forgetting the good old 240 level).